Show ODES DOES MA HEINZE George L Walker In Boston Commercial Indicates That He lie Does NOT CONCERN Cote Con Big Oro Italic Oro Will I Yield MII Per IVr Ton Tan on 13 Cent 1111 Copper Market George I L Walker In i copper stocks In the Ihl current issue of lieu thu Boston Roston maintains ln his hIli usual u ual optimistic towards some of the tho and among other uther things says II t I I Consolidated Is la no longer bunker a II 1 comport com By far the tho larger portion of Us its stock lias lies been purchased or 01 Is held under tinder option by bytho bythe bythe the tho I or ur their companies es In ht Now New NewYork ew York Why Wh the stock has hall been bought boughtor I pr or what the plant plans of or the purchasers are h Is II not nOI yet jet el divulges I One who has beets been Intimately uses asso associated with BIngham interests express expresses es s the tho belief that and andale Cole ale lire are working together In n Utah Clah I with Water hitch Fitch as Salt Ike representative He lIe that tho the Bingham company com pan will form the nucleus lens leus of a II large copper find and mining mat and smelting company Whirls will take over Oer the valuable Park City and properties recently optioned by Walrer r Fitch Itch and that the tho new company COlli will he lIe tin neUve com lom competitor of the United States Smelting Smelling rind and American Smelting meiling Refining companies The contracts under which Bingham Consolidated eon tins has been smelting the tho concentrates of the Utah Copper rind Ind mines will wll expire some Mme time this month As has hall Icon been stated previously prey these contracts while nut not arll n a financial loss lotH to the company have utilized nearly nar the tho full capacity of o Its lis smelter and und prevented It from ruin treating treading ores ureS from Its own oln mines on which very largo large profits could have havo been made ma e during tho Iho pa past L year ear of ot high metal prices prieN Beginning next month the m Consolidated com cont company pun Jilin pany bo he tu to show net earn earnings lin ings s at the rate cute of ot 5 to tu 7 1 per Iler share annually on Its stock Hlo k The sharp decline In tn Boston Haston Consoli Consolidated dated stock this week Is le saId eald to reflect thu hitch bite In la negotiations between bot weene e Now house and Kramer on the tho one hand and the tho OUR Interests ts on t this Ili Ih other U It seems that and demand d n It better consideration In ht the con consolidation tOI Boston I Consolidated Gon and the opposing this proposition anion I fought the admission of o the Newhouse Cactus company correspondence with Utah mining men lIIn lends me tic to t doubt that the sulphide smelting ore dove devel developed aped opell In n the Boston Consolidated Con prop properties carries ag us high values as nil current reports would Indicate There Is III little If f any reason renson to doubt douht that Boston Bestow Con Consolidated Is III n a 1 property of ot tremendous tr demonstrated value It U Is le estimated for Instance that Ihal this company has baa tons 1018 of ot porphyry ore which will yield n net nel profit of per 1 I ton tOil on ona onA ona a 13 cent nl copper capper market If It the deposit lI Were ns an largo large as liS estimated and the net yield per ler ton Ion were only 2 coming divi dividends lends of or more moro thins 10 times as much ns us has be been tn n by Cabinet would be Indicated On of tons Ions of ore u n 1 day Bo no ton Consolidated Is now no earning to f OOOO per month net The Tue company could easily double Its 1111 output hut but tho the Consolidated Is III not prepared to handle handle the Increase f |